Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
0 Beds
0 Baths
3,883 sqft

$340,000

1924 30th Avenue, Gulfport MS, 39501

Price per sqft$87.56
Built in1968
Property size3,883 sqft
Property typeCommercial
Listed by Carrie A Fish 228-343-3583 with Coldwell Banker Alfonso Realty-Lorraine Rd

Overview

Active

Listed Jun 15, 2026

Updated Aug 18

**Investment Opportunity - Income-Producing Senior Living Facility | Gulfport, MS** Located at 1924 30th Avenue in Gulfport, Mississippi, this well-maintained commercial property presents an exceptional investment opportunity with an established tenant and immediate cash flow. Currently operating as a senior living facility in partnership with the VA, the property is fully leased with approximately twenty-three (23) months remaining on the current lease and includes a tenant option to renew for an additional three (3) years. The facility underwent a comprehensive remodel completed in February 2026, enhancing the property's functionality, appearance, and long-term value. As part of the improvements, a new sprinkler system was installed, providing added safety and compliance for the facility's operations. The property is thoughtfully designed to accommodate resident care and daily living activities, featuring eleven (11) resident rooms, one (1) full bathroom, two (2) half bathrooms, a kitchenette, dedicated dining room, and two spacious sitting/entertainment areas for residents. Additional amenities include an employee lounge/office, utility room, and storage room, providing efficient functionality for ongoing operations. This turnkey investment offers a strong 9.18% cap rate, making it an attractive addition to any investor's portfolio. The property's established use, stable tenancy, recent upgrades, and favorable lease structure provide both income stability and future growth potential. **Property Highlights:** * Asking Price: $350,000 * Income-producing commercial investment * Currently operating as a senior living facility associated with the VA * Complete remodel finished in February 2026 * New sprinkler system installed * 11 resident rooms * 1 full bathroom and 2 half bathrooms * Kitchenette and dedicated dining area * 2 resident sitting/entertainment rooms * Employee lounge/office * Utility room and storage room * Approximately 23 months remaining on current lease * Tenant option to renew for an additional 3 years * Strong 9.18% cap rate * Convenient Gulfport location Investors seeking stable cash flow and a proven tenant-operated facility will appreciate the value and income potential this property offers. With substantial recent improvements already completed, this property is positioned to deliver reliable returns with minimal immediate capital expenditure requirements.

Additional information

MLS® ID
4152818

Interior Features

Bedrooms
0
Bathrooms
0
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.25 Acres

Other Property Details

Taxes
$4,218
Tax Frequency
Annually
MLS provider logo

The IDX display contains information sourced from the MLS United as of 8/18/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 MLS United all rights reserved.

Data last updated on 8/18/2026 at 6:37 PM UTC

Powered by Luxury Presence